business news in context, analysis with attitude

• The Wall Street Journal this morning reports that Walmart "is tightening its new online price-matching policy, after people used listings it alleged were fake to buy PlayStation videogame consoles and other products at deeply reduced prices. In some instances, Wal-Mart sold $400 PlayStation consoles for less than $100.

"Wal-Mart said it will no longer match prices from marketplace vendors or third-party sellers and will limit the list of retailers it would match to 30. The list of approved retailers includes Amazon and the web sites of major chains such as Best Buy Co. Wal-Mart also doesn’t match online prices from auction sites such as eBay Inc. or websites that require memberships."
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